Should I get extra disability insurance?

Kristen_1228953714_large Staff
On Oct 28, 2008 6:08 pm Kristen said:

I have long-term disability insurance through work. Should I buy additional coverage?

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(2) Answers

Guru
On Oct 28, 2008 10:16 pm MarkKantrowitz said:

Read the fine print of your policy. Often there's a clause that prevents you from double dipping. This is because employers don't want employees to earn more money from their disability policy than from working, since then the employees would not have an incentive to return to work.

On Oct 28, 2008 11:41 pm cwad1 said:

Guru sounds like a little gamer! The question might be more appropriately answered by evaluating your dependents. If you are younger, single, or have no dependents it is probably not needed. If you have a dependent or are getting older it could be a wise decision.

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